Economy

• Saturday, October 19th 2013 - 15:36 UTC

  Italy tax collectors formally notified Maradona of his debt: 39 million Euro

  

  Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.

• Thursday, October 17th 2013 - 21:09 UTC

  New highway in clogged-Brazil opens more possibilities for grain exports

  

  A highway, decades in the making, will finally open in Brazil offering a shortcut through the Amazon jungle to north-eastern waterways for the growing corn and soybean trade. The BR-163 highway connecting Mato Grosso state's soy belt to two key river ports will boost grain exports by some 3 million tons next year, offering a bit of relief to congested ports in the southeast, where most shipments originate.

• Thursday, October 17th 2013 - 20:59 UTC

  Toothfish licensing provides 70% of South Georgia revenue, but patrolling absorbs 80% of the amount

  

  In a new initiative the Government of South Georgia and South Sandwich Islands (GSGSSI) has published their first Annual Report. The report, which is designed to keep people informed about Government activities on and off the island, was published on this website on September 2nd and has been distributed to stakeholders, according to the latest South Georgia Newsletter edition.

• Thursday, October 17th 2013 - 20:52 UTC

  Uruguay signs Tax Information Exchange Agreement with the UK

  

  United Kingdom and Uruguay have signed in London a Tax Information Exchange Agreement, TIEA. The Agreement will come into effect as soon as each government has completed the necessary procedures to give effect to it under its domestic laws.

• Thursday, October 17th 2013 - 20:24 UTC

  Paraguay’s economy roaring ahead is estimated to expand 13.6% this year

  

  Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef.

• Thursday, October 17th 2013 - 19:49 UTC

  UK sets out its Arctic policy with “legitimate interests in the region” and priorities

  

  The United Kingdom government set out its approach and policy on the Arctic in a paper released on Thursday and titled: Arctic Policy Framework - Adapting To Change: UK policy towards the Arctic.

• Thursday, October 17th 2013 - 05:52 UTC

  Congress agreement saves US from shutdown for three months; Republicans seriously divided

  

  US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18.

• Thursday, October 17th 2013 - 05:27 UTC

  Paraguay vetoes bill imposing 10% export tax on cereals and oilseeds

  

  Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.

• Thursday, October 17th 2013 - 01:05 UTC

  Uruguay is the natural gateway to Mercosur markets Falkland Islands businessmen told

  

  A visiting delegation from the Falkland Islands Chamber of Commerce heard on Monday from the Vice-Chairman of the Uruguay-British Chamber of Commerce, Guillermo Wild, that Uruguay offered unrivalled opportunities for trade and access to Latin American markets.

• Wednesday, October 16th 2013 - 08:18 UTC

  Hedge funds request US Appeals court to lift hold on a ruling to repay holders

  

  US hedge funds fighting Argentina for repayment on defaulted debt asked a US appeals court on Tuesday to lift its hold on a ruling that ordered Argentina to repay the holders.